UST lovers. Another says

Neither myself, or any other person should enrich their home by holding the assets that give "bondage upon future life". It is as a "trader" that plays any side, w/o recourse for who is destroyed. "An investment without honor brings no gain to ones life"

When the dollar is displaced, it will be as a "leveling" of the world economy. A few will learn to walk without the luxury of holding a debt upon others, "as an asset for gain". But, for every one that is brought low, ten others will gain from the loss of this dollar burden.

When the US government does not take in enough taxes to meet expenses, it sells treasury debt to make up the difference. When no one bids for this debt at an "acceptable" interest rate, the Federal Reserve bank buys the debt, outright.

It gives printed cash to Washington and then, "holds the new treasury debt ( bond ) as backing for the issued cash.

Everyone understands the implications of this. Or do they? In reality, when the US government needs money, it doesn't sell debt.

It "TRANSFERS" the obligation of it's citizens to pay future real production ( taxes ) as a "backing" for it's newly printed currency. As this process has been going on for decades, it has built up a debt of "real production payments" that it's citizens can never pay.

Further, as the world reserve, this currency is held thru proxy "by every single person on this planet" that uses paper to trade anything.

Me: as I've called it. We live in a monetary USSR. The whole world